Swiss National Bank Acquires 3,500 Shares of Element Solutions Inc (NYSE:ESI)

Swiss National Bank raised its holdings in shares of Element Solutions Inc (NYSE:ESI) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 452,389 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Swiss National Bank’s holdings in Element Solutions were worth $11,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ESI. True Wealth Design LLC bought a new position in shares of Element Solutions during the third quarter valued at approximately $25,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after purchasing an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $48,000. Finally, UMB Bank n.a. grew its holdings in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after buying an additional 949 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

ESI has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Truist Financial initiated coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Trading Up 0.3 %

Shares of ESI stock opened at $26.25 on Friday. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $25.78 and its 200 day moving average is $26.34. The stock has a market capitalization of $6.36 billion, a P/E ratio of 25.74, a P/E/G ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. Research analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio is presently 31.37%.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.